Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin argued
The post Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief appeared first on CCN
This article is originally written and posted on https://www.ccn.com/bitcoin-only-masquerades-as-a-currency-bis-research-chief/. Visit https://www.ccn.com/ today for all Crypto News and Information.